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Author Topic: Many cryptocurrencies — how important is that for you in casinos?  (Read 821 times)
aioc
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April 26, 2020, 09:00:39 AM
 #41

Hi guys!

Still playing with bitcoins? Or have you switched to TRON or Ripple?
Anyway, every crypto has its own benefits but how important is it for you to have a variety of different cryptos to play in casinos?


It's important to have a lot of varieties, there's a time that you do not have a coin that the gambling site accepts if they have a lot of coins as options to deposit then, then a gambler can continue playing the game without interruption, and besides gambling sites that accept various coins had the edge against gambling sites that is dedicated to one coin only.

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April 26, 2020, 09:14:29 AM
 #42

Of course I still play with bitcoin, because the best cryptocurrency is bitcoin. After all, almost everything online gambling only provides
only a few cryptocurrency options. Tron and ripple are not popular for gambling, apart from bitcoin I sometimes use gambling ETH or LTC.
It's true that I feel the different benefits for different coins. But still I am more comfortable playing gambling with bitcoin.

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April 26, 2020, 01:43:27 PM
 #43

Gambling sites only accept limited cryptocurrency coins unless the dice gambling in exchange site has many cryptocurrency options that can bet. I often use deposit BTC or ETH to gamble.
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April 26, 2020, 01:51:19 PM
 #44

Having alternative crypto in a platform is beneficial for gamblers since it would help lessening the amount of transaction fee thay have to pay. I personally prefer XRP when gambling since it is faster and cheaper.
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April 27, 2020, 01:55:12 PM
 #45

Thanks guys for your thoughts  Smiley
I personally also prefer a variety of cryptos. Even the bitcoin has been on the market the longest and we all trust it the most, there are plenty of others that could be tested out.
E.g. XRP for its speed and security. Luckily there are plenty of cryptos to choose on Bitcasino and we’ll be adding some new soon.
Btw, what other coins would you like to have in Bitcasino?

Cheers,
Karl

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April 27, 2020, 03:12:31 PM
 #46

Hi guys!

Still playing with bitcoins? Or have you switched to TRON or Ripple?
Anyway, every crypto has its own benefits but how important is it for you to have a variety of different cryptos to play in casinos?

I personally prefer ethereum or ripple for playing on casino sites as they have very low transaction fees as compared to bitcoins and also the transaction speed is pretty fast, it feels like no waiting time at all is required for depositing the money into the casino wallet. Previously I used bitcoins back in the past but as the Prices grew higher and the transaction fees also started rising then I switched to other means of payment for my gambling.

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April 27, 2020, 03:34:21 PM
 #47

Hi guys!

Still playing with bitcoins? Or have you switched to TRON or Ripple?
Anyway, every crypto has its own benefits but how important is it for you to have a variety of different cryptos to play in casinos?


On-site gaming currency should be independent of deposit/withdrawal currency. For example, casino should maintain the balance of players in chips. The value of chips shall be pegged to one of the cryptocurrency (let say 1 BTC = 100M chips) and floating rate of such cryptocurrency shall be used to maintain the exchange rate for other currencies.

This mechanism have many benefits:

  • Many players have reported problem in using bitcoin due to its high price. They are confused in using decimal values and sometimes bet 10 times more than the expected. Even using mBTC or uBTC don't help because they don't understand the conversation rate (Mathematics you know!)
  • Using different cryptocurrencies offer ease to players but at the same time segregates the game matches in multiplayer gaming. Using common gaming currency solves this problem.
  • It eases the accounting of casino as owner can easily maintain the accounts and statements when all profit/loss are measured in common denomination i.e. chips.
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April 27, 2020, 03:41:22 PM
 #48

Still playing with bitcoins? Or have you switched to TRON or Ripple?
Anyway, every crypto has its own benefits but how important is it for you to have a variety of different cryptos to play in casinos?
Why you did not include ethereum? Or at least BCH or BSV? I guess if people do not prefer risking with BTC in gambling then probably they may go with LTC/Doge/ETH. Both ripple and tron are recent additions hence not sure about its familiarity among gamblers.

Personally I still gamble with only bitcoins. I tried doge for low risk levels but at the end of the day, I make peanuts for all my physical efforts and mental tensions. But with bitcoins, sometimes I do get chances to make $5 to $10 which is completely missing in the case of gambling with dogecoins. Other than slow transaction confirmations with bitcoins, I am not finding any bi advantages on gambling  with altcoins. When you include 20% extra fee with your bitcoin tx, you never need to worry on slow confirmations for your transactions.
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April 27, 2020, 09:40:41 PM
 #49

Hi guys!

Still playing with bitcoins? Or have you switched to TRON or Ripple?
Anyway, every crypto has its own benefits but how important is it for you to have a variety of different cryptos to play in casinos?


Ive been using BTC most of the time since we know that this one is more valuable than anything else and when you won then you would really have that excitement.
Why i can say? I can compare the feels between when im using DOGE and BTC when it comes to my gambling activity.It isnt really that important much but its
still a good option if a certain casino would really have that wide variety of coins that you can play on because not all does prefer on using up their BTC.

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April 27, 2020, 11:05:15 PM
 #50

I guess it's more common to use alts for gambling like EOS, LTC or ETH since the majority HODLs Bitcoin.
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April 27, 2020, 11:44:59 PM
 #51

I guess it's more common to use alts for gambling like EOS, LTC or ETH since the majority HODLs Bitcoin.
I dont think so because if we do try to observe on how many cryptocurrency gambling sites at the moment and trying to check on the best history you will surely able to see that most people do bet using bitcoin
there might be other coins as well but not really that much if we do compare it to bitcoin.I agree on what quidat say above when it comes to excitement where its different when you play using bitcoin and using
other altcoins.It isnt really that much important because people can choose on what they would use according to their own funds or coins owned.

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April 28, 2020, 12:27:12 AM
 #52

Variation in currency helps to attract gambles since some gamblers have their own preferred currency when gambling. I don't use BTC or ETH because of the transaction fee, and I am accumulating them. I guess most players have the same reason. Altcoins save transaction fee and it is convenient.
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April 28, 2020, 12:32:31 AM
 #53

Still playing with bitcoins? Or have you switched to TRON or Ripple?
Anyway, every crypto has its own benefits but how important is it for you to have a variety of different cryptos to play in casinos?

It varies in the situation, though. You know, it's interesting to try something new, so gambling with other cryptocurrency is quite qood. I sometimes become greedy and badly want to gamble and get back what I lost, but sometimes blockchain takes too long for the confirmation so imma convert it with the fast one.

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April 28, 2020, 06:53:45 AM
 #54

More crypto can be used in online games thus making these sites more interesting to users. I love the variety but I maintain my preference with bitcoin. Also, TRX is one that has caught my attention because it is gaining popularity in the development of its ecosystem.

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April 28, 2020, 08:35:45 AM
 #55

Hi guys!

Still playing with bitcoins? Or have you switched to TRON or Ripple?
Anyway, every crypto has its own benefits but how important is it for you to have a variety of different cryptos to play in casinos?


I think bitcoin so far holds the greatest usage when it comes to online gambling casinos. But I can see that platform of tron has started to make moves on their dApps for gambling. Ive seen a lot of campaign and new projects that are using trx for their gambling sites. For me, the best is still bitcoin as it so easy to buy it using even our fiat money. There are lots of tellers and even bitcoin atm to exchange our currency for btc and deposit it on different gambling sites.

But having a multiple crypto supported online casino is good provided that you can have support for direct fiat conversion for these crypto coins.

For me, I used bitcoin for so long in my gambling career because the thrill is there and i'm really comfortable using it. Bitcoin is not that hard to use in casinos because most of the gambling platforms does support and allow bitcoin to circulate in other customers. Using altcoins in gambling is not that enjoyable because the thrill is not there, the effect of winning is not that pleasant for me.

It is much better to win in gambling with the popular coin like bitcoin because its price is really high compared to other coins, although the losses are also big but it depends on you on how you will manage your bitcoin to prevent losses in gambling. Sometimes it depends on us if we are disciplined enough to stop when we are losing a certain amount of money.

Honestly, I don't prefer using ETH, DEX or other coins in gambling, but use them in trading. They are not that effective in gambling, I really support bitcoin because we need to fulfill our desire, the mass adoption and its globalization that's why continuously use of bitcoin is really good for it. Experiencing bitcoin in all aspect is really good most especially if it is for the benefit of you who will earn a big profit.

We have different perspective and favoritism in life and it is in you which one you will choose to use in gambling platforms.
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April 28, 2020, 10:39:04 AM
 #56

It is very important for me since other crypto currencies have a cheaper transaction fee so I would get more of my profit since I am only playing with a small amount.
For people who are like me who play with small amount transaction fee is way too hassle for us so if we could use other crypto just to cut down some expenses then we would surely take it.

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April 29, 2020, 01:21:25 PM
 #57

Thanks guys for your replies.
As I see most of you trust the bitcoin most as it has been on the market the longest and you trust it in casinos.
I guess all other coins still have to earn their mark to beat the bitcoin or at least become as popular as bitcoin is and probably stay.

Thanks again,
Karl

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April 29, 2020, 03:17:34 PM
 #58

of course it is very important that we know that deposit using a number of coins with low value such as doge and trx or even xlm has a low fee, whereas with btc it consumes a high enough fee, especially if you transfer your btc from exchange will be even more expensive.
so sites that use more than 1 coin for transactions will be more appreciated in my opinion.

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May 05, 2020, 07:50:11 AM
 #59

Hi guys!

Still playing with bitcoins? Or have you switched to TRON or Ripple?
Anyway, every crypto has its own benefits but how important is it for you to have a variety of different cryptos to play in casinos?


I have tried playing using Bitcoin on an online gambling sitr before and I admit that I have loss a great amount because we all do know how valuable a single digit of Bitcoin was even if it just .01 BTC it is already a big amount to have due to the price changes happening brought by fluctuations. It become important for me to have variety of cryptocurrencies with me if ever I decide to play on an online gambling site so that I have lots of coins to choose from to avoid falling down into using my Bitcoin because I treat it as my last resort if ever I ran out of crypto to use while playing. So far, I have not been into such situation in which I have consumed my cryptos and have left with no choice to use Bitcoin. That is why I always ensure I have plenty of cryptocurrencies other than Bitcoin whenever I play for I know that Bitcoin is really a valuable one that must be reserved so I better use other cryptocurrencies on playing into online casinos. But I assure that those that I use were not those that are pretty much expensive because I just play to entertain not to spend out lots of money with it.
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May 05, 2020, 07:55:10 AM
 #60

of course it is very important that we know that deposit using a number of coins with low value such as doge and trx or even xlm has a low fee, whereas with btc it consumes a high enough fee, especially if you transfer your btc from exchange will be even more expensive.
so sites that use more than 1 coin for transactions will be more appreciated in my opinion.
Get that point, some traders also loves to gamble and it's favoring them if there's additional coins that are available to play their games, they can easily choose the assets that have small fees and they can easily send it back to exchange once they are done playing.
Crypto evolutions really attracts gamblers especially those who already have knowledge about crypto industries.

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